Audio By Carbonatix
The secondary bond market activity bounced back last week, as the total volume traded upturned to GH¢1.14 billion.
The upturn in market turnover was largely driven by sustained activity across the near-term maturities, which contributed 64% of aggregate turnover.
Additionally, investors continued to favour the 13-year bond (maturity: Feb-2036).
This drove the market at the tail of the Lower Currency (LCY) yield curve and contributed 25% of the total volume traded.
Analysts expect sustained activity at the front end of the LCY yield curve as most banks continue to find liquidity.
Also, they believe investor confidence will gradually continue to improve on the positive IMF review remark
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gov’t to upgrade all rural telephony networks to 4G capability – Sam George
33 seconds -
‘We’ve never seen a CJ in our judiciary system who is everywhere like MTN’ – Janet Nabla
2 minutes -
Lawyers, prosecutors fume over abandoned 26-year-old Upper West High Court project
6 minutes -
At least two dead in blast at Bolivia military barracks
39 minutes -
Tate brothers officially indicted with trafficking and sex crimes in Romania
41 minutes -
US envoys arrive in Moscow ahead of Ukraine talks
45 minutes -
Health Minister to brief media on Free Primary Healthcare programme on Monday
58 minutes -
‘It was inappropriate to make that comparison’ – Dr Pumpuni Asante on CJ’s SOE comment
1 hour -
Photos: Final-day shopping continues at Joy FM Back-to-School Discount Fair
2 hours -
Darkey and Frimpong set up J30 Accra boys’ doubles final
2 hours -
When war takes more than territory: The human cost of conflict
2 hours -
Review SHS placement policy to give more BECE candidates access – Kwesi Kwarteng
2 hours -
Tano South Municipal Assembly moves to curb road carnage with speed ramps
2 hours -
Duvor Klu, Gakpo win J30 Accra girls’ doubles title
2 hours -
ITF Juniors Tournament: Duvor Klu claims with straight-sets victory over Gakpo
2 hours